UNG & UGAZ Backtesting with a divergent high

I'm walking out the door to leave town for a couple of days but will try to reply to any questions remotely and post any significant developments that might occur in the markets. I had a request from @ixtlanian in the trading room for an update on UGAZ. It appears that the recent bounce off support may soon have run its course as UGAZ has put in another divergent high on the 60-minute time frame while UNG is backtesting this large bearish rising wedge on the daily time frame where a reversal is likely.

2018-01-21T20:50:22+00:00Dec 28, 2016 2:41pm|Categories: Gold & Commodities|Tags: , , |1 Comment

One Comment

  1. joefriday December 28, 2016 2:47 pm at 2:47 pm



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